placement $30mil at $1.65, page-3

Hmm..

ROL announces a successful placement of 18++ million shares at $1.65 per share [i.e. a discount of 30% to its current share price] to NEW and EXISTING INSTITUTIONAL SHAREHOLDERS to raise $30 million.

Company further indicates that the cap raise was well supported and heavily oversubscribed with the company attracting some of the world's largest and most experienced resource sector institutional investors to its register.

Comment: Indeed, if a gold company that has as many ounces in the ground such as ROL has [by looking at the mineralisations] and residing in a current secular bull market sector gives its shares away for a 30% discount...i have nothing much to say.

You do not need to be an "experienced" and "knowledgeable" investor to realise the apparent benefit of positioning yourself in ROL at $1.65.

Hopefully, they make prudent use of the funds and get the resource estimate out for the benefit of ALL MY FELLOW SHAREHOLDERS.